NEAR Protocol Reduces Annual Token Issuance to 1.6% Over 24 Months
NEAR Protocol's House of Stake has approved a proposal to gradually decrease the network's maximum annual token issuance from 2.5% to 1.6% over two years.
NEAR Protocol's House of Stake has approved a proposal to gradually decrease the network's maximum annual token issuance from 2.5% to 1.6% over two years. NEAR Protocol (NEAR) is trading at R$192 ($3.84), up 0.3% since this brief published. This is an original Kriptometre brief synthesising 4 outlets (TronWeekly, CoinCodex, The Block, and others), with their figures cross-checked, plus live market data, as of Tue, 03 Nov 2026 23:07:01 UTC.
This reduction in token issuance is a significant change to NEAR's tokenomics, aiming to control inflation and potentially increase the token's value by decreasing supply growth. It reflects a broader trend in the crypto space towards more sustainable economic models.
- NEAR's maximum annual token issuance will decrease from 2.5% to 1.6% over 24 months.
- The proposal HSP-029 was approved by NEAR's House of Stake.
- NEAR is currently trading near $3.83 after a 7-day decline of 17.61%.
- The reduction aims to control inflation and support long-term value growth.
CoinCodex, The Block, and TronWeekly all report that NEAR Protocol's House of Stake has approved the HSP-029 proposal, which will reduce the network's maximum annual token issuance from 2.5% to 1.6% over a 24-month period. While all outlets agree on the issuance reduction and the timeframe, TronWeekly emphasizes the gradual nature of the change, while CoinCodex and The Block focus on the approval of the specific proposal.
NEAR Protocol has taken a significant step in adjusting its tokenomics by approving a proposal to reduce its maximum annual token issuance from 2.5% to 1.6% over the next 24 months. This decision was made by the network's governance body, the House of Stake, as confirmed by multiple outlets including CoinCodex, The Block, and TronWeekly.
The proposal, known as HSP-029, aims to control inflation and support the long-term value of the NEAR token by decreasing the rate at which new tokens are introduced into circulation. This move is part of a broader trend in the cryptocurrency space towards more sustainable economic models that balance growth with stability.
The reduction in token issuance comes at a time when NEAR's price is under pressure. After a sharp correction, NEAR is currently trading near $3.83, marking a 2.58% decline in the past 24 hours and a 17.61% drop over the past week. The token is testing support levels around $3.60–$4.00, with investors watching for a potential recovery to a long-term target of $20, as reported by TronWeekly.
The total value locked (TVL) in NEAR's staking ecosystem has also seen a decline, with DeFiLlama reporting a 7-day decrease of 11.2% to $128.97 million. This suggests that while the reduction in token issuance is a positive step for the network's economic model, it is occurring against a backdrop of broader market challenges.
The broader cryptocurrency market remains relatively flat, with a total market cap of $2.67 trillion. 
Bitcoin has shown a slight increase of 0.75% in the past 24 hours, while the Fear & Greed index stands at 26, indicating a sentiment of 'Fear' among investors.
Since this brief published about 3 hours ago, NEAR Protocol (NEAR) has moved from R$191,48$3.83 to R$191,98$3.84 — +0.26%.
The chart plots NEAR's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Kriptometre's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Yatırım tavsiyesi değildir.
At today's peer-to-peer rate, 1 NEAR ≈ 199.72 ₺ (about $3.84), down 0.4% over 24 hours. The real itself trades about 4.0% above the official rate on the P2P market, so a Turkish buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
2 key figures independently matched across 3 outlets reporting this story.
Kriptometre extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · 3 Kasım 2026.
Kriptometre reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
NEAR Protocol Reduces Annual Token Issuance to 1.6% Over 24 — questions & answers
What is the new maximum annual token issuance for NEAR?
The new maximum annual token issuance for NEAR is 1.6%, reduced from the previous 2.5%.
How long will it take to implement the full reduction?
The reduction from 2.5% to 1.6% will be implemented over a 24-month period.
Why is NEAR reducing its token issuance?
NEAR is reducing its token issuance to control inflation and support the long-term value of the token.
How much is 1 NEAR Protocol worth in real today?
About 199.72 ₺ at the live peer-to-peer (P2P) USDT rate, which is what Turkishs typically trade at — equivalent to roughly $3.84. The real price moves with both NEAR's US-dollar price and the USDT/BRL rate; use our NEAR Protocol in real page for any amount.
Has NEAR Protocol's price moved since this brief was published?
NEAR is up 0.26% since this brief first published — trading at R$192 ($3.84) now versus R$191 ($3.83) at publication. Kriptometre re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Kriptometre brief that synthesises reporting from TronWeekly, CoinCodex, The Block, Cointelegraph, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Kriptometre brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.